If it’s a new home, the builder may be responsible Barry Stone Inman News™ DEAR BARRY: Last year, we purchased a newly built home. Before closing we hired a home inspector, and no defects were reported. But now we’ve learned that there were code violations. How could the house be sold if it didn’t meet code, [...]
Get overlooked code violations fixed
November 17th, 2011Assume mortgage with transfer-on-death deed
November 17th, 2011Daughter worries bank will call loan due before she can find a job Benny Kass Inman News™ DEAR BENNY: My mother died in February of this year. About a month before her death she executed a beneficiary deed leaving the home to me, her daughter. I was also the sole beneficiary of her will. She had [...]
Desperate sellers swindled out of home equity
November 17th, 2011What homeowners can do to protect against scams Tom Kelly Inman News™ Homes are taking longer to sell and foreclosures are taking longer to process. Unfortunately, crooks are taking advantage of both of those extended time frames. Scammers are involved in foreclosure rescue schemes, loan modification stings and in just about every conceivable angle of “equity [...]
Reader tips for sticky deck problem
November 17th, 2011Some ‘green’ ways to remove excess sealer Bill and Kevin Burnett Inman News™ Recently, we published a response to a reader who had a problem with a sticky deck. It seems her handyman didn’t read the instructions on the sealer can and got carried away. In this case, more was not better. The sealer pooled and [...]
3 must-knows about prelisting inspections
November 17th, 2011REThink Real Estate Tara-Nicholle Nelson Inman News™ Q: Recently, I read an article of yours in which you told a seller to have her home inspected before putting it on the market. I will be putting my mom’s house on the market, and in watching many of the real estate TV shows, I had never heard [...]
Is your rent hike illegal?
November 17th, 2011Rent it Right Janet Portman Inman News™ Q: After weeks of trying to get our landlord to make a repair to the roof, we decided to withhold rent. We followed our state’s rules, and the landlord got the idea — he repaired the roof. But then he served us with a rent increase. Isn’t this illegal? [...]
Franchisors offering buyers ‘Home Price Protection’
November 17th, 2011Payouts tied to market index instead of individual properties Steve Bergsman Inman News™ Declining home prices and the foreclosure backlog are not the only obstacles to a housing recovery. There is also the psychological factor: Potential homeowners have lost confidence in the asset class. It’s easy to understand why. After decades of relatively steady, mostly upward [...]
Exempt building permits from subjective design reviews
November 17th, 2011How bureaucracy is killing the American dream Arrol Gellner Inman News™ Editor’s note: This is the last of a three-part series. In the last two columns, I recounted the true story of Daniel Ludwig, a Romanian immigrant who came to America essentially penniless in 1955, yet was able to buy a home, build himself a woodworking [...]
Avoid legal trouble when terminating tenant’s lease
November 17th, 2011Nonrenewal must be based on legitimate business reasons Robert Griswold Inman News™ Q: We have an unmarried couple renting a one-bedroom apartment for the past 4 1/2 years. We have always had trouble collecting rent in a timely fashion, and every time we have been there for a repair we found the apartment was dirty and [...]
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